India's Cuddalore Refinery Hits Another Snag

摘要

Nagarjuna Group's long-delayed 6 million ton per year refinery to be built in Cuddalore in Tamil Nuda, India, has hit another obstacle as the project's debt component has yet to close.Tata Sons, the promotions company of Indian's Tata Group, can only acquire a 26% stake in the project after Nagarjuna closes the debt, The Economic Times reported.